Turner talked about four big areas in which the company sees opportunity and momentum: cloud, social, mobile and big data.

Among the areas he cited where Microsoft has gained momentum:

He called Office 365 the “fastest growing product in the history of Microsoft,” earning $1.5 billion in revenue last fiscal year.

He said Windows Azure is growing at 200 percent, and that half of all Fortune 500 companies are now using Azure.

Microsoft China, Brazil and Russia all exceeded a billion dollars in revenue for the first time in the company’s history. China is the fastest growing market in the company today, Turner said.

Nearly 40 percent of the Xbox Live audience is now female. And 42 percent of Xbox Live subscribers now watch 30 hours of digitally distributed TV and movies each month

Regarding competition from Google in the enterprise, Turner said Microsoft is winning them back “one account at a time.” He said the company won back 440 customers in the last fiscal year.

On Windows Phone, Turner cited market share growth in Latin America, China and other areas and said: “The momentum in the marketplace, particularly outside the u.s., is accelerating for us.”

Later in the meeting, CFO Amy Hood outlined Microsoft’s five new financial reporting divisions. Here is the slide showing that:

From earlier:

Microsoft is holding its financial analysts meeting this afternoon, during which company executives are expected to give more details on how they plan to transform Microsoft into a devices and services company and how the massive company reorganization will affect how it reports its financial results.

Here’s my story on what might come out the meeting and what some analysts are looking for from it.

The meeting will be webcast, starting at 1 p.m. PT. Press is not being allowed in person at the meeting this year — a departure from previous years. (Microsoft did not hold a financial analysts meeting last year.)

I will be live tweeting the webcast meeting at @janettu and will also update this post periodically.

About

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day. Send tips or comments to mday@seattletimes.com.